Variables | Northern Africa | Western Africa | ||||||
OPEN1 | OPEN2 | OPEN3 | OPEN4 | OPEN1 | OPEN2 | OPEN3 | OPEN4 | |
OPEN’ | 1.518*** | 1.297*** | 1.133*** | 0.580*** | −0.199** | −0.379*** | 0.0991 | −0.0822** |
(0.145) | (0.198) | (0.113) | (0.0887) | (0.0940) | (0.0841) | (0.0821) | (0.0388) | |
InGFCF | −0.649*** | −0.892*** | −0.609*** | −0.892*** | 0.183** | 0.222*** | 0.161* | 0.183** |
(0.174) | (0.204) | (0.178) | (0.204) | (0.0833) | (0.0816) | (0.0833) | (0.0833) | |
InLAB | 0.158*** | 0.0822 | 0.0711 | 0.0822 | 0.00406 | −0.0336 | 0.0290 | 0.00406 |
(0.0582) | (0.0708) | (0.0551) | (0.0708) | (0.0270) | (0.0277) | (0.0257) | (0.0270) | |
InEXC | 0.0284 | 0.0448 | 0.0509 | 0.0448 | −0.0313* | −0.0296* | −0.0281 | −0.0313* |
(0.0434) | (0.0514) | (0.0440) | (0.0514) | (0.0176) | (0.0171) | (0.0177) | (0.0176) | |
InFD | −0.129* | −0.232** | 0.0992 | −0.232** | 0.484*** | 0.493*** | 0.443*** | 0.484*** |
(0.0747) | (0.108) | (0.0678) | (0.108) | (0.0480) | (0.0461) | (0.0491) | (0.0480) | |
InFDI | −0.915*** | −1.078*** | −0.739*** | −1.078*** | 0.0574 | 0.156* | −0.0171 | 0.0574 |
(0.153) | (0.184) | (0.156) | (0.184) | (0.0841) | (0.0844) | (0.0793) | (0.0841) | |
InCPI | 1.042** | −0.252 | 1.313** | −0.252 | 0.582 | 0.757 | 0.242 | 0.582 |
(0.495) | (0.549) | (0.519) | (0.549) | (0.504) | (0.488) | (0.505) | (0.504) | |
Const. | −1.128 | 8.934*** | 0.205 | 13.47*** | 3.176 | 3.139 | 3.465 | 2.354 |
(2.834) | (2.905) | (2.834) | (2.582) | (2.093) | (2.036) | (2.109) | (2.137) | |
Observations | 133 | 133 | 133 | 133 | 285 | 285 | 285 | 285 |
R-squared | 0.647 | 0.505 | 0.632 | 0.505 | 0.427 | 0.457 | 0.421 | 0.427 |
F statistics | 32.70 | 18.24 | 30.71 | 30.71 | 29.48 | 33.37 | 28.74 | 28.74 |